We can measure total producer surplus for good X as:
A) the sum of the individual producer surpluses for all buyers of X.
B) the area below the supply curve for X and above the price of X.
C) the area bounded by the supply curve for X and the two axes.
D) the area between the demand curve for X and the supply curve for X.

Question

Quizplus · Accepted Answer

The Answer of We can measure total producer surplus for good X as:
A) the sum of the individual producer surpluses for all buyers of X.
B) the area below the supply curve for X and above the price of X.
C) the area bounded by the supply curve for X and the two axes.
D) the area between the demand curve for X and the supply curve for X.

We Can Measure Total Producer Surplus for Good X As